Question

Which of the following is not a characteristic for a corporation? Select one: a. Limited liability...

Which of the following is not a characteristic for a corporation?

Select one:

a. Limited liability

b. Easy to transfer ownership

c. All of the above are characteristics of a corporation

d. Corporate management

e. Fewer government regulations

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Answer #1

The answer is Option e - Fewer government regulations.

Limited liability, easy to transfer of ownership, corporate management are the characteristics of a corporation.

And all corporation/Business has to follow the government regulations, eg. government regulations for sale of stock to protect the interest of stockholders, listed corporate has to file its financial statement with respective authorities etc...

It is concluded that corporate/business has to follow many government regulations.

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